Insurance agent malpractices to be made public as per IRDA rules. Corrective steps taken after getting several complaints from the customers. The names of the errant agents to be published on the insurance websites of each insurance firm.

MNYL signed a bancassurance agreement with Anantapur District Cooperative Central Bank Ltd. All over India it is the 13th rural bancassurance Joint Venture (JV) and in Andhra Pradesh it is the 12th JV.

Government of India has appointed the public-sector mutual funds; UTI MF and SBI MF as fund managers for postal and rural life insurance entities. They will invest the fund available with these entities into the booming capital market.

MNYL Insurance aims to increase its capital base by Rs.2, 600 crore. It will increase its branch network by 90 to 100 branches every year and would increase the agents force to 2, 00,000 in the coming 4 to 5 years.

$540 million of FDI has been pumped in Indian insurance sector for the period ending on March 31, 2007. As per the regulations, Foreign Direct investment in the insurance sector is capped at 26 per cent.

ICICI Prudential Life's non resident Indian (NRI) customers will now be able to pay their premiums locally with the insurer tying up with Dubai-based UAE Exchange House for premium payments and such like.

SBI Life, the life insurance spin-off of the public sector banking giant, plans to step up its operations in rural and semi-urban areas by better utilizing the State Bank of India (SBI) branch network.